Skip to main content

ExxonMobil to Move Headquarters to Houston

Published Jan 31, 2022 by Brina Morales

Exxon Mobil City Place.JPG

ExxonMobil campus at City Place (courtesy: ExxonMobil)

ExxonMobil plans to relocate its corporate headquarters to its Houston campus from Irving, Texas.

The announcement is part of the company's effort to streamline its business structure "to better support customers, enhance performance and grow value," according to a press release.

"We greatly value our long history in Irving and appreciate the strong ties we have developed in the North Texas community," said Darren Woods, chairman and CEO of ExxonMobil. "Closer collaboration and the new streamlines business model will enable the company to grow shareholder value and position Exxon Mobil for success through the energy transition."
  
The oil giant's announcement to relocate its headquarters to its Spring campus increases the number of Fortune 500 companies in the Houston area to 25, one of the largest in the country.

“We are thrilled with today’s news," said Partnership President and CEO Bob Harvey. "ExxonMobil’s move further solidifies Houston’s position as the Energy Capital of the World. ExxonMobil is a key participant in our Houston Energy Transition Initiative, and we look forward to working with the company as we continue to position Houston to lead the energy transition to a low-carbon future. 

"In addition, ExxonMobil’s announcement represents the third Fortune 500 headquarters announcement in greater Houston in 13 months, solidifying our position as the number 3 Fortune 500 headquarters city in the nation," Harvey said. 

In December 2020, Hewlett Packard Enterprise said it would establish its global headquarters in Houston. And in May 2021, NRG Energy Inc. said it would consolidate its corporate headquarters. The moves added two new Fortune 500 companies to Houston's roster. 

ExxonMobil said it is on track to save more than $6 billion in structural costs by 2023 by combining chemical and downstream business and centralizing technology and engineering services.

The company said it will complete the headquarters move in mid-year 2023.

Learn more about corporate headquarters in the Houston region. 

Related News

Economic Development

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
Read More
Economic Development

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
Read More

Related Events

Economic Development

State of Education

The Greater Houston Partnership invites you to the State of Education on May 9 at the Royal Sonesta. The success of our region relies on a thriving public education system providing equitable…

Learn More
Learn More
Executive Partners